During 2016, Sarah Bright attends university for four months of full time study and 2 months of part time study.The Total tuition for the year including ancillary fees, is $3200 of which $1000 was prepaid in 2015.The amount paid in 2016 includes $400 in fees that are only charged to students in her geology program.Interest paid for the year on her student loan was $325. determine the total amount of education related tax credits that would be available for Ms. Bright in 2016?

During 2016, Sarah Bright attends university for four months of full time study and 2 months of part time study.The Total tuition for the year including ancillary fees, is $3200 of which $1000 was prepaid in 2015.The amount paid in 2016 includes $400 in fees that are only charged to students in her geology program.Interest paid for the year on her student loan was $325. determine the total amount of education related tax credits that would be available for Ms. Bright in 2016?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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